ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Statistics AT40 = 76.1% of stocks are trading above their respective 40-day moving averages (DMAs) (6th day overbought)AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 22.1Short-term Trading Call: cautiously bullish Stock Market Commentary While the politicians in Washington D.C. play a game of chicken with the economy, the … Read more
The U.S. dollar index (DXY) continues to pivot around its 200-day moving average (DMA). Last week, the U.S. dollar bounced before retesting the lows from March. The U.S. dollar now looks ready to challenge its 200DMA as resistance; it will likely complete another cycle by rallying at least to the previous highs above the 200DMA. … Read more
Stock Market Statistics AT40 = 74.1% of stocks are trading above their respective 40-day moving averages (DMAs) (first overbought day, 17 of last 19 trading days overbought)AT200 = 22.6% of stocks are trading above their respective 200DMAs VIX = 36.1 (down 11.5%)Short-term Trading Call: cautiously bullish Stock Market Commentary In the last Above the 40 … Read more
Airline stocks were on a tear during a week of panic buying and catch-up trades. From worst to first, in less than a month airline stocks went from setting fresh multi-year lows to 3+ month highs on the heels of parabolic moves. The U.S. Global Jets ETF (JETS) summarizes the contours of the moves. From … Read more
Stock Market Statistics AT40 = 90.5% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 13 of last 14 trading days)AT200 = 37.4% of stocks are trading above their respective 200DMAs (highest since February 26, 2020)VIX = 24.5Short-term Trading Call: cautiously bullish Stock Market Commentary The on-going recovery in the stock market … Read more
Insider Trading The stock of Camping World Holdings (CWH) has rallied an astounding 438% off its March all-time low. Despite this 2-month comeback, the stock price still attracted the attention of Chairman & CEO Marcus Lemonis. Camping World’s leader spent a little over $50,000 to buy 2,444 shares of CWH stock on May 21, 2020 … Read more
Stock Market Statistics AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs) 3+ month highAT200 = 14.8% of stocks are trading above their respective 200DMAsVIX = 33.6Short-term Trading Call: neutral Stock Market Commentary The stakes are ever higher. Right alongside confirmations of major breakouts from the major stock indices, AT40 … Read more
Stock Market Statistics AT40 = 45.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 35.9Short-term Trading Call: cautiously bullish Stock Market Commentary Last week started on an ominous note with more historic plunges in oil prices. The stock market managed … Read more
Since companies began restricting business travel over precautions with the coronavirus pandemic, the Transportation Security Administration (TSA) provided data on screenings at U.S. airports. These data say a lot about the disappearance of air travel in the U.S. Almost every screening represents a passenger on a flight. The TSA provides a year-over-year comparison, normalized to … Read more
AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more